David Maimon, Georgia State University and Kurt Eichenwald, The Conversation In January 2020, Debi Gamber studied a computer screen filled with information on scores of check deposits. As a manager for eight years at a TD Bank branch in the Baltimore suburb of Essex, she had reviewed a flurry of account activity as a security… Continue reading Heists Worth Billions: An investigation found criminal gangs using sham bank accounts and secret online marketplaces to steal from almost anyone – and little being done to combat the fraud
Category: Fraud
Sam Bankman-Fried convicted for massive FTX fraud, in stark reminder of risks of crypto trading
Last Updated on 21 November 2023 by Daniel John Hawkins, University of Canberra It is not just crypto tokens that have spectacular downfalls. So can crypto personalities. Sam Bankman-Fried founded FTX, one of the world’s largest exchanges for so-called cryptocurrencies, which collapsed last year owing billions of dollars. Now he has gone from being hailed… Continue reading Sam Bankman-Fried convicted for massive FTX fraud, in stark reminder of risks of crypto trading
Email scams are getting more personal – they even fool cybersecurity experts
Gareth Norris, Aberystwyth University; Max Eiza, Liverpool John Moores University, and Oli Buckley, University of East Anglia We all like to think we’re immune to scams. We scoff at emails from an unknown sender offering us £2 million, in exchange for our bank details. But the game has changed and con artists have developed new,… Continue reading Email scams are getting more personal – they even fool cybersecurity experts
How do cybercriminals steal money?
Last Updated on 31 August 2023 by Daniel Cybercriminals use a variety of tactics to steal money from individuals and organizations. Their methods can range from targeting individuals with phishing scams to sophisticated attacks on financial institutions. Here are some common ways cybercriminals steal money: Preventing these types of attacks requires a combination of cybersecurity… Continue reading How do cybercriminals steal money?
How scammers use psychology to create some of the most convincing internet cons – and what to watch out for
Last Updated on 24 July 2023 by Daniel Stacey Wood, Scripps College and Yaniv Hanoch, University of Southampton Online fraud is today’s most common crime. Victims are often told they are foolish for falling for it, but fraudsters use psychological mechanisms to infiltrate the defences of their targets, regardless of how intelligent they are. So… Continue reading How scammers use psychology to create some of the most convincing internet cons – and what to watch out for